...exempted from prohibitions of this section shares of any bank holding company the activities of which were determined to be so closely related to banking or...controlling banks as to be a proper incident thereto, which further provided that for purposes of this subsection it was not closely related to banking or...

...advisor activities. (a) Effective February 1, 1972. the Board of Governors amended §225.4(a) §225.125 of Regulation Y to add "serving as investment adviser,...21, and 32 of the Banking Act of 1933 (12 USC 24, 3T7, 878, 78) (sometimes referred to hereinafter as the "Glass-Steagall Act provisions") and the US...

...§ 225.4(a) of Regulation Y to add “serving as investment adviser, as defined in section 2(aX2O) of the Investment Company Act of 1940, to an investment...proper incident thereto. During the course of the Board¿s consIderation of this amendment several questions arose as to the scope of such activity,...

...225.4(a) of Regulation Y to add specified insurance agency activities to the list of activities the Board has determined to be so closely related to banking...controlling banks as to be a proper incident thereto. In the course of administering this regulation, a number of questions have arisen concerning the scope...

...of the Federal Reserve System has determined, by order or regulation in effect on November 12, 1999, to be so closely related to banking or managing or...controlling banks as to be a proper incident thereto (subject to the same terms and conditions contained in the order or regulation, unless the order or...

...rehabilitation and development of low-income areas." The Board included that activity among those the Board has determined to be so closely related to banking or managing or controlling banks as be a proper incident thereto, in order to permit bank holding companies to fulfill their civic responsibilities....

...for determination. Any request for a Board determination that an activity is so closely related tc banking or managing or controlling banks as to be a proper incident thereto, shall be submitted to the Board in writing, and shall contain evidence that the proposed activity is...

...which presently allows bank holding companies to acquire the shares of a company engaged in activities "so closely related to banking or managing or controlling banks as to be a proper incident thereto." In determining whether to allow a bank to engage in any such activity the Federal Reserve Board is...

...company can only go into the business of banking or something so closely related to the business of banking or managing or controlling banks as to be a proper incident thereto; whereas I think it would appear to me that under the proposed administration bill it would clearly...

...the Federal Reserve Board. Under this legislation any company acquired by a bank holding company must be "so closely related to banking or managing or controlling banks as to be a proper incident thereto." Thus, the contours of future expansion of multi-corporate banking organizations will be limited. Non-banking...